Max Service: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Max Service
Largest movements
- Cash +€23,936
up €23,936 (+28.3%), from €84,485 to €108,421
mainly Net result for the year (+€31,932) and Debts after one year (+€13,831)
- Tangible fixed assets +€19,199
up €19,199 (+317.3%), from €6,051 to €25,250
of which Furniture and vehicles: +€16,554
- Receivables within one year -€3,497
down €3,497 (-50.7%), from €6,896 to €3,399
of which Trade receivables: -€3,061
- Reserves +€31,932
up €31,932 (+42.6%), from €74,951 to €106,883
- Debts after one year +€13,831
up €13,831, from €0 to €13,831
- Trade debts -€7,032
down €7,032 (-67.2%), from €10,464 to €3,431
- Current portion of long-term debt +€1,699
up €1,699 (+75.6%), from €2,248 to €3,947
- Other debts -€1,488
down €1,488 (-86.6%), from €1,718 to €230
- Gross operating margin +€16,621
up €16,621 (+26.6%), from €62,427 to €79,048
- Staff costs +€9,593
up €9,593 (+43.2%), from €22,198 to €31,790
- Depreciation +€2,165
up €2,165 (+103.6%), from €2,091 to €4,256
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,535 | €138,726 | +€39,191 | +39.4% |
| Fixed assets | 21/28 | €6,051 | €25,250 | +€19,199 | +317.3% |
| Tangible fixed assets | 22/27 | €6,051 | €25,250 | +€19,199 | +317.3% |
| Plant, machinery and equipment | 23 | €1,504 | €1,105 | -€400 | -26.6% |
| Furniture and vehicles | 24 | €4,547 | €21,100 | +€16,554 | +364.1% |
| Other tangible fixed assets | 26 | - | €3,044 | +€3,044 | |
| Current assets | 29/58 | €93,484 | €113,476 | +€19,993 | +21.4% |
| Amounts receivable within one year | 40/41 | €6,896 | €3,399 | -€3,497 | -50.7% |
| Trade receivables | 40 | €4,049 | €987 | -€3,061 | -75.6% |
| Other amounts receivable | 41 | €2,848 | €2,412 | -€436 | -15.3% |
| Cash at bank and in hand | 54/58 | €84,485 | €108,421 | +€23,936 | +28.3% |
| Deferred charges and accrued income | 490/1 | €2,102 | €1,656 | -€446 | -21.2% |
| Total equity and liabilities | 10/49 | €99,535 | €138,726 | +€39,191 | +39.4% |
| Equity | 10/15 | €77,451 | €109,383 | +€31,932 | +41.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €74,951 | €106,883 | +€31,932 | +42.6% |
| Distributable reserves | 133 | €74,951 | €106,883 | +€31,932 | +42.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,084 | €29,343 | +€7,259 | +32.9% |
| Amounts payable after more than one year | 17 | €0 | €13,831 | +€13,831 | |
| Financial debts | 170/4 | €0 | €13,831 | +€13,831 | |
| Amounts payable within one year | 42/48 | €21,834 | €15,263 | -€6,571 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €2,248 | €3,947 | +€1,699 | +75.6% |
| Trade debts | 44 | €10,464 | €3,431 | -€7,032 | -67.2% |
| Suppliers | 440/4 | €10,464 | €3,431 | -€7,032 | -67.2% |
| Taxes, remuneration and social security | 45 | €7,405 | €7,654 | +€250 | +3.4% |
| Taxes | 450/3 | €1,957 | €4,154 | +€2,197 | +112.3% |
| Remuneration and social security | 454/9 | €5,447 | €3,500 | -€1,947 | -35.7% |
| Other amounts payable | 47/48 | €1,718 | €230 | -€1,488 | -86.6% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €22,198 | €31,790 | +€9,593 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,091 | €4,256 | +€2,165 | +103.6% |
| Other operating charges | 640/8 | €622 | €1,140 | +€518 | +83.2% |
| Non-recurring operating charges | 66A | - | €1,241 | +€1,241 | |
| Gross operating margin | 9900 | €62,427 | €79,048 | +€16,621 | +26.6% |
| Operating profit (loss) | 9901 | €37,517 | €40,622 | +€3,105 | +8.3% |
| Financial income | 75/76B | €28 | €8 | -€19 | -70.3% |
| Recurring financial income | 75 | €28 | €8 | -€19 | -70.3% |
| Financial charges | 65/66B | €452 | €829 | +€377 | +83.5% |
| Recurring financial charges | 65 | €452 | €829 | +€377 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | €37,093 | €39,801 | +€2,708 | +7.3% |
| Income taxes | 67/77 | €7,816 | €7,869 | +€53 | +0.7% |
| Profit (loss) for the period | 9904 | €29,276 | €31,932 | +€2,656 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,276 | €31,932 | +€2,656 | +9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.